Two currently under-development Brooklyn affordable communities were added to CompassRock Real Estate’s property management portfolio. Both of the multifamily assets are being developed part of Greenland Forest City Partners’ Pacific Park master-planned community.

The Chula Vista submarket is set to expand its housing inventory as around 44 acres of land were recently acquired by a venture between Presidio Residential Capital and Cornerstone Communities. The land is part of the Otay Ranch Village 2, a master-planned community in San Diego County.

In West San Antonio, a new master planned community is introducing its single family homes. Arcadia Ridge is a secluded family-friendly oasis developed by five builders on 700 acres of scenic landscape.

Shortly after acquiring Renaissance Village at Shadow Lake in Houston, Texas, Fort Worth-based real estate investment firm Olympus Property has made its first step into the San Antonio market by purchasing the Tacara at Westover Hills apartment community. Details of the transaction remain undisclosed.

The San Diego affordable housing market is further expanding, as BRIDGE Housing recently held a grand opening ceremony for two communities at its COMM22 affordable community. The ribbons were cut for the Paseo and the Victoria on May 8 during an event held at 2325 Commercial Street, just days after BRIDGE Housing.

A joint venture formed by Houston-based Hines and AEW Capital Management recently closed on Parc 114, a master-planned, business park in Irving. The acquisition entailed six industrial buildings that total at 404,777 square feet and an 18.5-acre plot that could accommodate up to 191,262 square feet.

Hawaii real estate developer Jeff Stone has partnered with Canada-based Westbank to buy and re-brand the JW Marriott Ihilani hotel at the master-planned Ko Olina community in West Oahu into a Four Seasons resort. Cornerstone Real Estate Advisers LLC is the seller of the property.